The New Consumer

“Be cautious about investing in sharing economy models that do not directly address the evolving needs of workers. We are in the middle of the Fourth Industrial Revolution, the digital revolution, which has resulted in a redefinition of work. The transition will likely continue to disrupt industries and investors should take heed.”

—Paula Campbell Roberts, “The New Consumer.” KKR.com. October 2, 2019.

While an interesting overview of the gig economy and it’s implications, the term “asset light consumer” as a near substitute for “poor” is a crime against the English language on the level of “pre-owned” becoming a euphemism for “used”.